From the analysis of technical indicators and market dynamics, the current cryptocurrency market price has strongly rebounded after reaching the previously set key support level of 108500, perfectly validating the effectiveness of technical support. This level is not only a key support line of the Fibonacci retracement but also a psychological barrier built from a previous area of intensive trading. The price has stabilized and rebounded, fully demonstrating the strong buying power at the bottom, while the bearish momentum has significantly dissipated at this key level, leading to a technical breakdown of the trend structure.
